The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-11
Miscellaneous Notes.

The Reading company has advanced freight
rates on iron and steel 10 per cent
The Governor of Minnesota advises regulation
and general reduction of railroad tariffs. and
urges legislation against watering stock and the
giving of free passes.
The Philadelphia Times says it Is understood
that nearly 100000 tons of steel rails have
been entered for 1887 delivery, which is at least
equal to eight months full work for all the mills.
The Chicago Santa Fe & California Railroad
Company has completed arrangements for build
ing railroad bridge at Fort Madison La. Work
has been commenced on this line, which will be
completed June l. 1888.
Railroad stocks are again on the boom. The
average decline in the active stocks from Dec.
to Dec. Is was about IL points. The average
recovery from these lowest prices to the highest
prices Saturday was about points
The Montana Central road has been graded
the entire length from Rimini to Great Falls,
but the rates demanded by the Union and North
ern Pacific roads for the transportation of rails
and materials have utterly blockaded the project
for eighteen months.
President Perkins, of Chicago. Burlington &
Quincy. says the passage of the interstate bill
would be advantageous neither to the publ.
nor to the roads, and it would simply compel a
read justment of railway relations with the peo-
pie and competing lines.
The famous Hoosac tunnel has passed from
the control of the State of Massachusetts. It is
now the property of a corporation formed by the
union of the Fitchburg Railroad Company, the
Troy & Boston Railroad Company, and the Com
| monwealth Railroad and Tunnel Com pany.
| The Chicago & Alton directory has decided to
| abandon its system of publishing earnings week
| ly, and instead give them out when verified,
| once a month There were many objections to
| the weekly publications from the fact that they
were, as rule, approximated, and varied from
| the actual.
Philadelphia American: The announcement
| that the Sully party had been elected to the
| Richmond Terminal directory was accepted as
| meaning the first step in the formation of the
| Southern combination by the absorption of the
| Georgia Central. On this, Richmond Termin al
rose like a rocket. Will it come down again like
/ the stickf
| The New York Tribune opposes the interstate
/ commerce bill for the reason, among Others that
! sit would operate powerfully to abolish compe-
| tition through the building of new lines. Where
a railroad" 1t SAYS, penetrates a certain terri
tory capitalist will dare to build another, and
/ the people of that territory will be left to the
mercy of an absolute monopoly"
j. F. Crank, president of the Los Angeles &
| San Gabriel Valley railroad, has sold that road
/ to the Atchison, Topeka & Santa Fe, and will
| 60 into the Atchison combination Pacific
| coast director, and probably as resident vice
! president of the syndicate. The San Gabriel
/ road and the Atchison branch from San Ber-
nardino are rapidly approaching each other.
The Union Pacific has revoked the order in
| Producing the twenty four-hour system OF keep
| ing time The revocation was q surprise, as the
twenty -four-hour system had been printed on
the back of the time for two years, and had
| been put into actual use in Nebraska and on the
| Idaho division. 1t is said that President Adams
| distrusted the new system, and by his order Il
was abandoned.